Tag: <span>automotive industry albania</span>

Home automotive industry albania
Albania to Jump-Start Automotive Industry with Tax Incentives
Post

Albania to Jump-Start Automotive Industry with Tax Incentives

TIRANA, February 25 The new fiscal package that came into force in January includes specific incentives for the automotive industry that define a corporate income tax rate of five percent instead of 15 percent. However, a second verdict adopted by the government says that not all the subjects operating in the automotive sectors qualify as...

Albania Exports Rise in March
Post

Albania Exports Rise in March

TIRANA, April 17 March data point to early signs of exports’ revival following a decline for two consecutive months. The Institute of Statistics (INSTAT) confirms that March’s export value was Lek 28 billion, up to 2.7 percent year-over-year and topping the previous set of February 2019 by 23 percent. In the meantime, Albania’s import values...

Korean-Based Auto Supplier Yura to Open €6.5 mln Plant in Fier
Post

Korean-Based Auto Supplier Yura to Open €6.5 mln Plant in Fier

TIRANA, February 14 The South Korean YURA Corporation will enter the Albanian market following an official agreement signed on Wednesday. The company that has been planning to invest in Albania since September 2017 managed to overcome insecurities and will continue its plans for the establishment of a manufacturing plant in the city of Fier, south-central...